Dangote, Sinoma Sign $800M Deal to Expand Itori Plant

Dangote Group, led by President and Chief Executive Aliko Dangote, signed an $800 million agreement with Sinoma International Engineering, chaired by Lin Zhong, to expand the Itori cement plant's capacity from six million to 12 million metric tonnes per annum. This expansion aims to meet increasing domestic demand and boost exports to African and international markets, reinforcing Nigeria's status as a leading cement producer and exporter.

Dangote described the investment as a significant milestone in the company's growth strategy and a commitment to Nigeria's industrialization agenda, commending President Bola Tinubu for fostering a conducive business environment. The expansion aligns with Dangote Cement's Vision 2030, targeting an annual production of 90 to 100 million metric tonnes.

The project is expected to generate foreign exchange and contribute to economic growth and job creation. Lin Zhong emphasized the partnership's success in delivering modern cement facilities across Africa and the importance of this investment in enhancing Nigeria's manufacturing and export capabilities.